News stories about Tesco Corporation (NASDAQ:TESO) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tesco Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.2550796995536 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Tesco Corporation (NASDAQ TESO) opened at 3.75 on Friday. The firm’s 50-day moving average price is $4.99 and its 200-day moving average price is $4.95. The stock’s market cap is $175.33 million. Tesco Corporation has a 12-month low of $3.60 and a 12-month high of $9.65.
Tesco Corporation (NASDAQ:TESO) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). Tesco Corporation had a negative return on equity of 18.21% and a negative net margin of 47.72%. The firm had revenue of $40.10 million for the quarter, compared to analyst estimates of $41.01 million. During the same quarter last year, the company earned ($0.39) earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities analysts predict that Tesco Corporation will post ($0.94) EPS for the current fiscal year.
TESO has been the subject of several recent analyst reports. Zacks Investment Research cut Tesco Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Seaport Global Securities reiterated a “neutral” rating on shares of Tesco Corporation in a research note on Wednesday, August 9th. FBR & Co set a $7.00 target price on Tesco Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 16th. ValuEngine cut Tesco Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, Cowen and Company set a $5.00 target price on Tesco Corporation and gave the stock a “hold” rating in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Tesco Corporation has a consensus rating of “Hold” and a consensus price target of $6.00.
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About Tesco Corporation
Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.
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